Judgement

Supreme Court declines to interfere with High Court’s finding that alleged gift of shares was sham and Section 49 benefit unavailable.

Cost to previous owner disallowed for calculation of Capital gain in case of Bogus Share Gift Transaction

High Court ruled that tax assessments passed against non-existent companies post-amalgamation are void, rejecting the Revenue's "technical glitch" excuse.

High Court Quashes Tax Order; Assessment on Non-Existent Entity Invalid

Supreme Court upholds quashing of reassessment notices, finds no grounds to interfere with ruling

Income Tax: SC Dismisses Revenue SLP in Reopening of Assessment Dispute against BPCL

News

Maruti Suzuki India Limited received a draft assessment order for FY23 proposing income adjustments.

Maruti Suzuki Receives Income Tax Assessment Order of 5800 Crs

Raghav Chadha proposes a joint tax filing system for married couples in India to make taxation fairer for households with the same combined income.

Raghav Chadha Proposes Joint ITR Filing System for Married Couples

Articles

Here's a comprehensive overview of the key changes introduced in the Income Tax Act 2025, aimed at simplifying India’s direct tax system, effective from April 1, 2026.

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Cost to previous owner disallowed for calculation of Capital gain in case of Bogus Share Gift Transaction

High Court Quashes Tax Order; Assessment on Non-Existent Entity Invalid

Income Tax: SC Dismisses Revenue SLP in Reopening of Assessment Dispute against BPCL

Maruti Suzuki Receives Income Tax Assessment Order of 5800 Crs

Raghav Chadha Proposes Joint ITR Filing System for Married Couples

New Income Tax Act 2025: Key Changes and Simplified Tax Rules, Effective from April 2026